How much does a public adjuster surety bond cost in Tennessee?
Public adjusters in Tennessee are required by the Department of Commerce and Insurance to post surety bonds in the amount of $50,000.
SuretyBonds.com issues these bonds instantly for just $500 with no credit check required. Simply click “Buy Now” to get your public adjuster bond directly through our site. Purchase online safely and securely and be on your way to becoming bonded as a public adjuster in Tennessee.
|Bond Type||Bond Amount||Cost|
|$50,000 Public Adjuster Bond||$50,000||$500|
Why do I need this bond?
Tennessee public adjuster bonds hold the principal (public adjuster) fully accountable for distributing all funds received by insurance companies to the client entitled to them. If the principal violates any regulations or rules found in the Tennessee Code Annotated, Title 56, Chapter 6, the bond protects harmed parties from financial loss.
What’s the fine print?
Tennessee public adjuster surety bonds are continuous until canceled. The surety must give the state 30 days’ notice prior to canceling the bond.
How to become a public adjuster in Tennessee
No person can legally act as a public adjuster without first acquiring a license. Individuals applying for public adjuster licenses must:
- be at least 18 years old
- live in Tennessee or be eligible for a nonresident license
- submit to a fingerprint based background check
- pass the public adjuster examination
- and more
The following must accompany the public adjuster licensing application:
- $100 filing fee
- $50,000 surety bond
- proof of financial responsibility
- proof of a $500,000 errors and omissions policy
- and more
A full list of licensing requirements can be accessed via the “Additional Resources” section below.
All applications must be sent to the Tennessee Department of Commerce and Insurance. A public adjuster’s license is valid for 2 years after the issuance date. The renewal fee is $100.
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